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Home » News » U.S. consumers are “panic-buying” Korean beauty products amid Trump’s tariff war, retailers say

U.S. consumers are “panic-buying” Korean beauty products amid Trump’s tariff war, retailers say

Jessica BrownBy Jessica Brown World
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New York City – The skin care store felti in Brooklyn sells items that it generally won in other retailers in the US.

Almost all sera, facial masks and creams sold in Senti Sent are imported from South Korea and Japan.

South Korea heads the list for cosmetics imports, but could face 25% Tariff If President Trump’s plan advances later A 90 -day pause In most of your Calls new reciprocal rates. The pause was announced last week.

A Japanese delegation held a meeting at the White House on Wednesday in an attempt to avoid new 24% rates on its own imports after that. 90 -day pause.

“They are buying panic,” said Marie del Rosario, manager of the Senti Senti store. “They know it’s coming. They know everything is going to change. So, they buy multiples of the products they love.”

Last year, the United States imported more than $ 7.5 billion in cosmetics, according to the numbers of the United States International Trade Commission. Approximately $ 1.7 billion of these imports come from South Korea. In recent years, retailers have seen a boom in Korean skin care sales, partly thanks to influential people in social networks.

“The client we have here, come here for a purpose,” Rosario said. “… most of the time it is because we are we on social networks.”

Carrie Kuiken told CBS News that her sister is already being bought, who lives in Seattle.

“She sends me as a complete list of things that Shey, and then I send them,” Chick said.

Rosario says that his most popular article is his sunscreen, which is sold at $ 17.99. She says that tariffs would probably increase the price to more than $ 20.

And that worries the Personal Care Products Council, a commercial association that repeats around 600 brands, including L’Oréal, Neutrogena, Estee Lauder and Procter & Gamble.

It said in a statement that it is spectify “Connered about trade polies that could result in Higher prices for personal care production,” adding that us consumes use “about six to 12 production each day, including sunscreen, shampoo, moisturic, moistpaste, moistpaste, moistpa Moistpastte, Moistpastte, Moistpastte, Moistpastte, Moistpastte, Moistpa, Moistpas, wet pasta, wet pasta, wet pasta, wet pasta, wet pastes, wet pasta, wet pasta, wet pasta, wet pastes, wet, wet

Michelle Ranavat, CEO and founder of its own Ranavat beauty line, says that the cosmetic industry is based on a “quite complex ecosystem.”

“The longer this uncertainty takes, the more difficult it is for small businesses to plan,” Ranavat told CBS News.

Its products are packaged in the United States, but the ingredients come from India.

“I think the impact will be quite significant,” he said on rates.

For now, stores like Senti Sent are preparing for the worst.

“We anticipate the increase in prices, either at the end or April or the first week of May,” Rosario said.

More than CBS News

Jerichka Duncan

Headshot-600-jerick-Duncan.jpg

Jerichka Duncan is a national correspondent and presenter of the “CBS weekend news”. She has her headquarters in New York City.

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